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Easing of essential goods imports to help fight Covid-19 pandemic

For the last two weeks, the government and some transport companies have stepped up efforts to help cope with Co­vid-19 by facilitating the import of essential medicines, vaccines, medical equipment, etc. The finance ministry exempted basic customs duty on import of Remdesivir injections, active pharmaceutical ingredients of Remdesivir, Beta Cyclodextrin (SBEBCD) used in making Remdesivir and specified inflammatory diagnostic (marker) kits till end-October 2021. It also exempted basic customs duty and health cess on import of medical oxygen, equipment required for generation, storage, distribution and transport of oxygen and parts of such equipment, ventilator and their accessories, high-flow nasal canula devices, non-invasive ventilation masks for use with intensive care unit ventilators, helmets for use with non-invasive ventilation and Covid-19 vaccine till end-July this year. Imports of these items will, however, attract integrated goods and services tax (IGST).

Amid Covid-19 pandemic, exports could come as a saviour for India

Read more about Amid Covid-19 pandemic, exports could come as a saviour for India on Business Standard. The global trading environment is very encouraging, as developed countries have increased the pace of vaccination and are reporting lesser numbers of infections

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